Nvidia Set For Gains From AI Cloud Demand, Blackwell Launch, And Data Center Expansion: Analyst

Benzinga 2024-11-15

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Analyst Rick Schafer raised Nvidia's price target to $175, citing strong AI demand and Blackwell chip sales ramping up next year. Schafer projects Nvidia’s data center revenue to surge 97% YoY, driven by AI accelerators and upcoming Blackwell chip launch.

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